Job Purpose
- To execute day-to-day operational activities for HNW / Private Clients / Private Accounts & Onshore Investment Accounts for Individuals and ensure that overall level of operational controls in the dept. are met in adherence with the Bank Policies & Procedures
- To adhere to Compliance practices that are applied in Wealth Management Account Services Unit – internal as well as external policy and regulatory requirements
- Ensure proper documentation and processing of all transactions in Wealth Management Account Services Unit
- Perform tasks given in a timely manner as per agreed TATs
Main Tasks and Responsibilities:
Principal Accountabilities:
1.Opening Onshore Investment Accounts for all segments / bank-wide thru’ ITQAN.
- Receiving, Verifying & Processing of Onshore Investment Account Opening requests for individuals received on ITQAN as per agreed TATs.
- Check / Ensure if the documentation is in order in terms of eligibility, nationality, FATCA, CRS etc.
- Setting-up accounts on FCUBS in different currencies [AED, USD, other foreign currencies] for all segments and all types of portfolios (Execution only, Advisory, Discretionary, ADCB Select & ADCB Managed) with minimal / zero operational errors.
- Check / Reconcile relevant EOD Reports.
- Maintaining and Updating Rejected List on a Daily Basis
2.Conventional Fixed Deposits of Excellency Customers / Private Accounts / Private Clients / WMO Clients Bank wide thru’ ITQAN:
Fixed Deposit for Excellency, Private Clients & Private Accounts Unit
- Opening / Closing / Maintenance of high value Conventional TD A/c’s of HNW / Private Accounts / Private Clients as per agreed TATs
- Check / Ensure documentation is in order / appropriate approvals are provided for special interest rate / back-value of TDs
- Process opening of Fixed Deposits on FCUBS
- Process maintenance / renewal of Fixed Deposits on FCUBS
- Process redemption / closure of Fixed Deposits
- Keeping track of maturities of all types of Fixed Deposits for Private Accounts and ensuring their timely renewals for any Special Interest rates.
- Maintaining and Updating Rejected Items List on a Daily Basis
WMO Clients
- Opening / Closing / Maintenance /Renewal of Fixed deposit portfolio for WMO clients and maintenance of relevant records.
- Ensure appropriate approvals are obtained for Special rates / exceptions.
-Ensure timely lodgment of original documents with Docman / Archives.
3.Islamic Term Investment Deposits and Wakala Deposits of Excellency Customers / Private Accounts / Private Clients Bank wide thru’ ITQAN
Opening / Closing / Maintenance of high value Islamic TD A/c’s / Wakala Deposits of HNW / Private Accounts / Private Clients as per agreed TATs
- Check / Ensure documentation is in order as per Sharia requirements and appropriate approvals are provided for special interest rate / back-value of TDs
- Process opening of Islamic Term Deposits / Wakala Deposits in FCUBS Process maintenance of Islamic Term Deposits / Wakala Deposits in FCUBS
- Process redemption (premature / on maturity) of TID’s and Wakala Deposits
- Maintenance / updation of relevant records
- Maintaining and Updating Rejected Items List on a Daily Basis
4.TD Renewals / Changing Rates:
- Printing daily Maturity Report for TDs through ODS for Excellency Customers / Private Accounts / Private Clients
- Checking of individual TD details in order to change the rates accordingly (if required) as per Circular
- Ensure relevant / appropriate approvals are obtained for special rate as per Delegation Matrix
- Untick Continue Variance on Rollover for FDs to ensure its renewed at rack / circular rate.
اطلب مساعدة الخبراء لكتابة سيرة ذاتية مميزة.
